Introduction
A cryptocurrency exchange is an online platform facilitating the trade of digital assets, including spot and derivative markets (e.g., crypto futures). Leading global exchanges typically offer advanced features such as built-in wallets, staking services, and diverse product offerings. In Indonesia, exchanges are regulated by Bappebti, while international platforms operate similarly to offshore brokers, often providing greater flexibility due to decentralized oversight.
Ranking: Best Crypto Exchanges (2025)
According to CoinMarketCap, here are the top global crypto exchanges for spot and derivative trading in 2025:
- Binance – Largest Global Crypto Exchange
- Bitget – Trusted Global Crypto Platform
- Exness – Multi-Asset CFD Broker (Forex, Stocks, Crypto)
- Bybit – Premier Derivative Trading Platform
- OKX – Leading Staking and New Token Listings
- Luno – Top-Regulated Exchange in Indonesia
- Tokocrypto – Bappebti-Licensed Local Exchange
Detailed Exchange Reviews
1. Binance: Largest Global Exchange
Pros:
- User-friendly interface for beginners.
- Low trading fees (0.1%).
- 500+ supported cryptocurrencies.
- High-leverage futures (125x).
- Staking with competitive APY.
Cons:
- Unregulated in Indonesia.
- Overwhelming for new traders due to extensive features.
2. Bitget: Secure Global Platform
Pros:
- Low fees (0.1% spot, 0.02% futures).
- Copy-trading functionality.
- 800+ supported assets.
Cons:
- No Indonesian license.
- High-risk leverage trading (up to 125x).
3. Exness: Multi-Asset CFD Broker
Pros:
- $10 minimum deposit.
- $10 sign-up bonus.
- Regulated internationally.
Cons:
- Limited staking options.
4. Bybit: Best for Derivatives
Pros:
- Low fees.
- Dual-asset staking (500% APY).
- Demo accounts available.
Cons:
- Targets advanced traders.
5. OKX: High-Yield Staking
Pros:
- New token listings (DeFi, Web3).
- Free deposits.
Cons:
- No Indonesian regulation.
6. Luno: Top in Indonesia
Pros:
- Bappebti-licensed.
- IDR deposits (min. Rp50k).
Cons:
- Higher fees vs. global exchanges.
7. Tokocrypto: Local & Regulated
Pros:
- Acquired by Binance.
- IDR support.
Cons:
- Limited staking options.
Essential Tips for Choosing an Exchange
- Regulatory Compliance: Prioritize Bappebti-licensed platforms in Indonesia.
- Security: Opt for exchanges with cold wallets and 2FA.
- Fees: Compare trading/withdrawal costs (typically 0.01%–1%).
- Payment Methods: Ensure local banking/IDR support.
FAQs
Q1: Which exchange is best for Indonesians?
A: Tokocrypto and Luno (Bappebti-regulated).
Q2: What’s the safest global exchange?
A: Binance (despite lacking local regulation).
Q3: Where can I stake crypto for high APY?
A: OKX or Bybit.
Final Decision
- Global: Binance (all-rounder), Bybit (derivatives).
- Indonesia: Tokocrypto (local compliance).